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Report: OECD Data Shows Services Trade Liberalized in 2021

New data from the Organization for Economic Cooperation and Development (OECD) shows that services trade across 50 countries liberalized in 2021.

According to a new OECD report, rules in global services trade moved towards greater openness in 2021, slowing the build-up of trade barriers in recent years. 

The latest data in the OECD’s Services Trade Restrictiveness Index (STRI), outlined in an annual report, indicate that the development of new barriers to services trade slowed across many sectors, and liberalization outpaced new restrictions in 2021. The report suggests that both the number and effect of services trade barriers has decreased overall in the countries included in the STRI. 

The OECD’s STRI covers 50 countries and 22 services sectors, which represent over 80% of global services exports. 

Resources:

Read the OECD’s press release on these new findings here. 

Check out the full OECD report on services data in 2021 here. 

Watch a video on the report’s key findings here. 

Explore the data in the OECD Services Trade Restrictiveness Index (STRI) here.